Over the past ten years, Health Insurance has been a hot-topic issue in political arenas and dinner tables alike all throughout the country. From navigating the Affordable Care Act (ACA) regulations and compliance details to researching the available insurance offerings themselves, individuals all over are trying to find the best plan benefits for their budget.
Could an HSA be just the thing?
According to a CBS News article, it has been estimated that roughly 8.3 million Americans suffer from some form of psychological distress such as a general hopeless or nervous disposition or even clinically diagnosable depression and anxiety-related disorders such as PTSD. While the cause for the sudden uptick in depression, anxiety, addiction, and general stress has been linked to everything from overzealous doctors, supervisors, and hostile work environments, to politics and the economy, and the concern over the ever-increasing amount of “screen time” Americans spend per day, the truth is that no one is able to one-hundred-percent identify the source.
While psychology experts and the media keep digging into just what is causing the rise in stress-related disorders and situations, many of those suffering are plagued with the maybe more important question of what are we going to do about it?
The Group Health Insurance industry continues to change with premiums continuing to rise. You have probably changed insurance carrier’s multiple times hoping to secure for the deal of the year.
So, the question is: Is that all there is? Change carriers and tweak my benefits?
Not all Group Health Insurance plans are the same and one of the largest problems we come across in the industry is that so few companies are aware of all of their options. Most of the time, the reason behind this is because businesses are often dependent upon their insurance agent to present them with their group health options. In doing so, it is important for businesses to note and understand that like the differing group health plans on the market, not all agents are alike. Agents often differ greatly in regard to their level of experience and general knowledge pertaining to new and emerging trends in the industry.
Member Benefits own CEO Chip Trefry had the pleasure of sitting down with the hosts Christine Bilbrey and Jonathon Israel of The Florida Bar Podcast recently about year-end insurance planning for law firms.
To list to the full audio, please click here.
To learn more about Group Health Insurance, Disability Insurance, Cyber Security, and more, please visit your association page to contact one of our licensed Benefits Counselors.
Group health insurance is usually provided by an employer and can cover just the employee or even the employee’s spouse and children.
Not providing group health coverage could be a major misstep for some companies regardless of size, as there are a number of benefits to providing Group Health Insurance coverage.
There is no question that the term health care reform has been a hot-button topic and on the lips of nearly every politician regardless of political party over the course of the past 10 years. In light of the Affordable Care Act, it has now become more affordable to purchase Group Health Insurance than for your employees to purchase health insurance individually.
In 2015, the Bureau of Labor Services estimated that there were 1,153,490 cases of work-related injuries and illnesses that resulted in missing days from work. This statistic can be scary for both businesses and individuals alike.
For many small businesses and law firms, it’s easy to take on a family-like environment in the workplace. And the last thing any employer wants to see is a valued employee that they’ve grown to know become injured or sick as the result of just doing their job. But it is a reality and Workers’ Comp insurance is there to help ease the burden.
The State of Florida mandates that all businesses with more than 3 employees provide an insurance policy to pay for medical treatment and salary benefits of injured workers. Unlike other types of coverage where you get to choose the ultimate cost via limits, covered events and deductibles, Workers’ Compensation Insurance benefits and rates are set by the State Legislature and the Division of Workers’ Compensation Department of Financial Services. Therefore, you will pay exactly the same base price for this coverage no matter what carrier you choose.
The turbulent healthcare landscape has made renewing your group’s health insurance more confusing than ever. That’s why it’s important to be in the know of all things related to group health insurance.
